Real Estate Acquisition in Mallorca – Status Quo and the Future
The most beautiful island in the world, Mallorca, is in demand as never before. Real estate demand, no matter where, is again as strong as in pre-crisis times. Most properties in Mallorca are located in the southwest of the island, almost every third property. Particularly popular are the places Puerto Portals, Santa Ponsa, Port Andratx and Bendinat but also apartments in Palma are very sought after. In the middle of the island are about 12% of all real estate, this number has increased significantly. Here, buyers have the possibility to purchase properties even more reasonable in price compared to the southwest. In general, real estate prices have risen by 12% compared to last year. There is hardly a destination in Europe that is as sought after as Mallorca. That is why prices are so high - high demand drives up the prices. Above all, sea view or first sea line properties double the prices in most cases. Islandwide, the surcharge is about 43%. That’s because first-line homes are becoming scarcer. The building regulations are very strict and especially the coastal protection law prevents the construction of new real estate.
The Balearic Island is considered one of the safest investment locations in Europe. Prices will continue to rise over the next few years as demand for luxury properties continues to grow. The attractiveness of the island, the very good accessibility, the climate, infrastructure, security and the landscape, make Mallorca a coveted holiday or main residence.
We, the team of Private Property Mallorca, are at your disposal as partners for your real estate search. Visit us in our offices in Santa Ponsa on the boulevard or in our new office in Palma, in close proximity to the cathedral and the parliament. We are looking forward to your visit!